Business
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Sony Pictures Entertainment Taps Jay Levine as Chief Strategy Officer
The ex-Hartbeat CEO will oversee the studio’s portfolio of businesses, strategic growth initiatives, corporate development, investments and mergers and acquisitions
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Wall Street Whiplash: Media, Tech Stocks Bounce as Tariff Uncertainty Continues
A bogus viral X post that Trump was considering a 90-day pause on tariffs helped send markets higher on Monday
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Trump Tariffs Are Creating ‘a Lot of Wait and See’ Uncertainty for Advertisers, AMC Networks Exec Says
The company’s executives also tell TheWrap about changes to its upfront presentation and the success of its content licensing partnership with Netflix
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Wall Street Oracle Bill Ackman Admits He Misjudged Trump: ‘My Bad’
“I don’t think this was foreseeable. I assumed economic rationality would be paramount,” the Pershing Square Capital Management CEO writes of the tariffs
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Quartz Sold by G/O Media to 4th Owner Since 2018, Editorial Staff Axed
Editor-in-chief Dan Hirschhorn, one of two remaining employees, says it’s “a new chapter” for the company
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StubHub Delays IPO as Tariffs’ Market Shockwaves Continue
Just weeks ago the entertainment ticketing company filed for an IPO after 2024 revenue jumped 30% to $1.7 billion
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Newsom Says California ‘Will Not Sit Idly By’ Amid Trump’s Tariff War, Looks to Expand Trade
“Donald Trump’s tariffs do not represent all Americans … our state of mind is around supporting stable trading relationships around the globe,” the governor says
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Trump Tariffs Rock Wall Street Again as Apple Sheds $500 Billion in 2 Days
The S&P 500 suffers its worst day since COVID smacked the market in March 2020
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JPMorgan Raises Global Recession Odds to 60% on Trump Tariff Uncertainty
“These policies, if sustained, would likely push the U.S. and possibly global economy into recession this year,” economist Bruce Kasman says
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What Trump’s Tariffs Mean for Hollywood as New Recession Looms | Analysis
Experts say financial pain will come through a broader blow to the economy, from higher production costs to fewer ad dollars to pinched consumers avoiding theaters
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Business
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Ari Melber Says Trump’s Report Card From Wall Street ‘Is Whatever Comes Below an F’ | Video
“This is Donald Trump’s choice. We are living in Donald Trump’s America,” the MSNBC host says
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TCA Board Blames Hollywood Layoffs, Contraction and Diminished Production for Canceled Summer Tour
The press organization also notes it’s open to exploring virtual options
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LA Soundstage Occupancy Fell to Record Low 63% in 2024 as FilmLA Sounds Alarm on Need for Incentives
Though Hollywood has more stage infrastructure than its competitors, the city is losing out over lesser tax incentives
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US Stocks See Worst Sell-Off Since 2020 on Trump Tariff Uncertainty
The Dow fell over 1,600 points, while the Nasdaq dropped more than 1,000 points and the S&P 500 dropped more than 200 points
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Can Newsmax Jumpstart the Sleepy Media IPO Market?
Most media companies lack the passionate following of the “MAGA fanboys” who jumped at the chance to buy Newsmax shares, one analyst tells TheWrap
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